Thursday, June 11, 2015

Rising out of Ashes

The ATO, supported by NSW and Federal Police, are making surprise visits to over a dozen sites across Sydney as part of an investigation into potentially fraudulent phoenix activity.

The tax office has conducted raids on a number of business and residential sites as part of an ongoing investigation into potential fraudulent 'phoenix' activity. (see also exclusive in the Daily Telegraph 11 June p2 by Benson)
Phoenixing in Australia

The Growing Tax Fraud Menace
Phoenix scams
Valentine was a tax attorney before being appointed the chair of Utah’s tax commission, so he’s familiar with the challenges facing both the tax preparation industry as well as the tax agencies.
Tax refund fraud

HMRC due for review

Another multinational tax expose coming: income $8 billion over 7 years, income tax zero